Doing research on the country’s legal framework for small business during the Holy Week, I confirmed that we have more than ample laws to support the development of micro, small and medium enterprises (MSMEs). Indeed, almost every administration since that of President Corazon Aquino passed legislation in support of small firms. During her watch came Republic Act No. 6810 (the Kalakalan 20 Act) in 1989, and RA 6977 (the Magna Carta for Small Enterprises) in 1991.

MANILA -- About $6.9 million out of $81 million stolen from Bangladesh’s central bank and sent to fake bank accounts in the Philippines remain in local casinos and may still be recovered, the Philippine Senate heard in testimony Tuesday, March 29.

Thousands of Filipino workers in two of three financially troubled firms in Saudi Arabia will start receiving their back wages and benefits following negotiations with the company owners by a special mission sent by the Department of Labor and Employment to the Middle East early this month.

The world is an “uneven” place but against the backdrop of a challenging global environment, the Philippines is among those countries likely to perform better than most regional peers, Citigroup chief executive Michael Corbat said.